IPIC International

Skip to main content.

Religion News Blog is a non-profit service providing academics, religion professionals and other researchers with religion & cult news

ReligionNewsBlog

Religion news articles about religious cults, sects, world religions, and related issues

Navigation:

IPIC International

This is Religion News Blog's news page on IPIC International. See our front page for more religion news.

Tuesday December 16, 2008

IPIC International:

Woman sentenced in Ponzi scheme that targeted religious leaders and ministries

Her husband Gregory Earl Setser was sentenced to 40 years in prison for his involvement in the scheme. His sister Deborah S. Setser was convicted and sentenced to 15 years in prison and Joshua Nathan Setser was sentenced to two years in prison.

Beginning in 2000 in North Texas, the defendants devised a scheme to induce people to enter into investment contracts with IPIC.

They targeted churches, ministries and religious organizations and their pastors, leaders and members and represented to investors that IPIC was a highly successful import/export business.
» Full Story

Wednesday June 18, 2008

IPIC International:

Woman who skipped hearing pleads guilty

Cynthia Setser was arrested in Florida in December, 11 months after she skipped a hearing in Dallas where she was to be sentenced for her role in a multimillion-dollar pyramid scheme spearheaded by her husband, Gregory Setser.
» Full Story

Friday January 25, 2008

IPIC International:

Wife who skipped religious pyramid scheme sentencing back in court

Cynthia Setser, who was in hiding for a year after skipping out on a sentencing hearing before a Dallas federal judge in a multimillion-dollar securities fraud case, pleaded not guilty this week to a charge of failure to appear.
» Full Story

Thursday February 1, 2007

IPIC International:

Gregory Setser gets 40 years in import scam

Targeting mostly Christian investors, including televangelist Benny Hinn, through churches and other groups, Mr. Setser claimed that his company, IPIC Investments, could produce up to 50 percent returns by buying cheap, foreign-made products that would be sold to major U.S. retailers such as Michaels, Hobby Lobby and Costco.
» Full Story

Wednesday January 17, 2007

IPIC International:

IPIC con case only gets weirder

A 50-year-old Canton man facing a life sentence after masterminding a multimillion-dollar Christian-based investment scam was apparently trying to arrange to have U.N.-backed armed commandos bust him out of the federal prison, according to court testimony Tuesday.
» Full Story

Tuesday June 13, 2006

IPIC International:

Greg Setser: Religious scammer convicted

Former Import-Export Company CEO Convicted
» Full Story

Monday May 22, 2006

IPIC International:

Jury expected to get case in alleged religious scam

The jury hearing the conspiracy and fraud trial of an import-export company founder accused of bilking religious investors out of $65 million is expected to get the case this week.
» Full Story

Monday April 24, 2006

IPIC International:

Benny Hinn to testify at fraud trial

International evangelist Benny Hinn is slated to testify Monday morning in a Dallas federal court.
» Full Story

Saturday April 15, 2006

IPIC International:

Prosecution rests in Ponzi scheme case

Man, 3 others accused of conning a thousand Christian investors
» Full Story

Tuesday January 31, 2006

IPIC International:

On eve of fraud trial, Christian investors say they were betrayed

Evangelists set to testify - in federal court
» Full Story

Monday July 19, 2004

IPIC International:

Pastor to Talk in Fraud Case

His lawyer says he will answer questions about Gregory Setser, accused of taking $160 million from Christians.
» Full Story

Wednesday February 11, 2004

IPIC International:

Fraud Suspect Put on ‘Leash’ Pending Trial

An Inland Empire man accused of masterminding an investment scam that swindled evangelical Christians out of at least $160 million has been released by a Dallas judge on an "electronic leash" pending trial, authorities said Monday.
» Full Story

Sunday December 7, 2003

IPIC International:

Rancho Cucamonga man denied bail in $160 million church fraud case

A Rancho Cucamonga man accused of bilking Christian ministries out of $160 million was ordered sent to Texas to face charges of securities fraud and money laundering.
» Full Story

Monday December 1, 2003

IPIC International:

Big Spending Led to Suspicion of Scheme Targeting Ministries

Gregory Setser, who the SEC says owns a yacht and helicopter, built list of evangelist investors.
» Full Story

Monday November 24, 2003

IPIC International:

Misplaced faith stings evangelists

If you pledge enough money to Greenwood Village-based Marilyn Hickey Ministries, you will receive a vial of oil.
» Full Story

Thursday November 20, 2003

IPIC International:

Victims clarified in fraud case

The Securities and Exchange Commission's Fort Worth office on Wednesday clarified information that it had previously released about a lawsuit filed against a California businessman and four associates who are accused of bilking several evangelical Christian ministries.
» Full Story

IPIC International:

Orlando man, 4 others took money from church ministries, feds say

The suspects ran what federal regulators have described as a $160 million Ponzi scheme.
» Full Story

Wednesday November 19, 2003

IPIC International:

Businessman Charged in Religious Scam

DALLAS (AP) -- A businessman was charged Tuesday with exploiting his connections to evangelical Christians to create a massive Ponzi scheme that defrauded religious organizations and their leaders out of more than $160 million, federal officials said.
» Full Story

IPIC International Research Resources

Our IPIC International news feed with only items about IPIC International

Books about IPIC International

Apologetics Research Resources on IPIC International

Factlet

Check it out:

What is the Grace?

About Religion News Blog

Religion News Blog (RNB), published by Apologetics Index, highlights news items and other resources on world religions, cults, religious sects, new religious movements, alternative religions, abusive churches and - to a lesser extent - related issues (e.g. ethics, human rights).

The information is provided for research and educational purposes.

RNB's non-profit news clipping service is used by - among others - Christian apologists, countercult professionals, anticult organizations, cult experts, teachers, religion professionals, reporters and other researchers.

Categories / News Trackers:
Samples of the hundreds of religious news subjects covered in Religion News Blog include (click links for respective news trackers): the Alpha Course, Alternative Healing, Catholic Church, Christianity, Cults, Falun Gong, Hate Groups, Interfaith issues, Islam, Jehovah's Witnesses, Mormonism / Mormon Church, Polygamy, Religion Trends, Scientology, Transcendental Meditation, Unification Church, Wicca / Witchcraft, and many more.
[More info : How to link]